Guangdong Opens Up Sectors to InvestmentsGuangdong is going to open up its financial, insurance, telecom, foreign trade, commerce, tourism and intermediary service sectors to investments and permit the establishment of Sino-foreign joint venture companies, cooperative or independent companies, said Liang Weifa, director of Guangdong Foreign Trade and Economic Office, at the China Guangdong (Europe) Economic Technology and Trade Talk press conference August 30.Liang also talked about Guangdong's foreign trade and economic development. Between this January and July, its import-export trade was US$93.3 billion, a 28% increase and exports accounted for US$50.8 billion or up 29% of that amount. Contracted and actual investments came to US$5.7 billion, up 21%. Direct foreign capital reached US$4.4 billion, up 43%. Guangdong has absorbed more foreign investments. Direct investments into major projects have increased and the average contracted foreign capital reached US$2 million. |
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